Ledger hardware wallets compromised by hidden implant, $100M lost
Original title: Ledger Wallets Were Drained of $100 Million. Is Self-Custody Still Safe?
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Summary
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Key points
- An estimated $100 million or more was drained from Ledger hardware wallets sold through CryptoBilis, an authorized reseller in Southeast Asia.
- The devices carried a hidden implant that reads the 24‑word seed phrase off the screen and sends it out over an eSIM.
- Drains date back to September 8 and include a tampered Ledger Flex bought at Singapore’s airport and two MediaMarkt devices traced to distributor Aqipa in Europe.
- Mark Karpelès and Jonty discuss the attack and its impact on self‑custody security.
Questions
How does the hidden implant exfiltrate the seed phrase?
When did the Ledger wallet drains begin?
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